Global Copper Clad Steel (CCS) Wire Market Size By Product Type (Stranded Wire and Grounding Rods), By Application (Electrical and Electronics, Telecommunication, Power Generation), By Geographic Scope And Forecast

Copper Clad Steel (CCS) Wire Market Size And Forecast

Copper Clad Steel (CCS) Wire Market size was valued at USD 12,366.13 Million in 2020 and is projected to reach USD 19,937.32 Million by 2028, growing at a CAGR of 6.84% from 2021 to 2028.

Application of these wires in the sectors such as building and construction, telecommunication, medical, and power generation leads to the growth of the copper clad steel wire market. The Global Copper Clad Steel (CCS) Wire Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Copper Clad Steel (CCS) Wire Market Definition

Copper-clad steel (CCS), also known as copper-covered steel or the trademarked name Copper weld is a bi-metallic product, mainly used in the wire industry that combines the high mechanical resistance of steel with the conductivity and corrosion resistance of copper. Copper-clad steel wire (CCS) collaborates the high tensile strength of steel as its core and the conductivity properties of copper as its outer layer. The core material is usually low carbon steel and is typically used as either grounding wire or the inner conductor of coaxial cables. It is used for many applications such as grounding, the connection of ground rods to metallic structures, ground grid meshes, substations, power installations, and lightning arrestors as well as sometimes used for power transmission. Besides, there are so many advantages including the outer conductor layer is low-impedance copper, and only the center is higher impedance steel, the skin effect gives RF transmission lines with heavy copper-cladding a low impedance at high frequencies, equivalent to that of a solid copper wire.

The tensile strength of copper-clad steel conductors is greater than that of ordinary copper conductors permitting greater span lengths than with copper. Moreover, another advantage is that smaller diameter copper-clad steel conductors may be used in coaxial cables, permitting higher impedance and smaller cable diameter than with copper conductors of similar strength. Besides, in January 2022, Southwire company is committed to be joined with the Copper Mark, a sustainability initiative and designation for businesses in the copper value chain.

Global Copper Clad Steel (CCS) Wire Market Overview

Copper clad steel wire has several applications in numerous end use sectors owing to their superior corrosion resistance, higher mechanical strength and others. Application of these wires in the sectors such as building and construction, telecommunication, medical, and power generation leads to the growth of the copper clad steel wire market. The automobile industry accounts substantial demand for copper clad steel wires, by reason of the growing usages of numerous coppers based and copper clad steel in the production of automobiles. The trends in the automotive industry have been attentive towards weight reduction so as to reach a lower demand for fuel. Alternatively, the demand for vehicles which offer luxury and comfort, better safety, generates need of cables for the numerous additional circuits, have amplified speedily and will continue to upsurge in the coming years by creating demand for CCS wire market. The growing emphasis on decreasing vehicular emissions has shifted the focus of the automotive industry in the direction of electric vehicles, which is creating the opportunities to the market. Diverse regions are expected to hold substantial share in copper-clad steel wire in consequence of rising electrical vehicle production on account of favourable government strategies and rules for protecting environment from fossil fuel emission. As the demand for emission-free vehicles has been growing, and the government has been capitalizing heavily in this electric vehicle market. Therfoere, Growing Electric vehicle production rate in the world owing to growing government norms to reduces fossil fuel emission is likely to create the opportunities to the copper clad steel wire market.

Copper alloy wires are progressively getting replaced by aluminium wire. They deliver numerous benefits, which, makes them necessary for numerous applications, which might hinder the development of the market.

Global Copper Clad Steel (CCS) Wire MarketSegmentation Analysis

The Global Copper Clad Steel (CCS) Wire Market is segmented on the basis of Product Type, Application, and Geography.

Copper Clad Steel (CCS) Wire Market, By Product Type

• Stranded Wire• Grounding Rods

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Based on the Product Type, the Global Copper Clad Steel (CCS) Wires Market has been segmented into Stranded Wire and Grounding Rods. Stranded Wire accounted for the largest market share in 2020, Stranded wire is comprised of several small wires bundled or wrapped together to create a larger conductor. These wires are rather more flexible, intricate, and delicate. They are better suited for indoor usage on speaker wires, circuit boards, electronic devices, etc. wherein bending and twisting are required to connect electronic components, so that the demand for the product is more.

Copper Clad Steel (CCS) Wire Market, By Application

• Electrical and Electronics• Telecommunication• Power Generation• Others

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On the basis of Application, the Global Copper Clad Steel (CCS) Wire Market has been segmented into Electrical and Electronics, Telecommunication, Power Generation, Others. Electrical and Electronics accounted for the largest market share in 2020 and is projected to grow at a long-term CAGR of 6.43% during the forecast period. Copper clad steel wires are also get used in electrical and electronic equipment. It is used as a base material for printed circuit boards. Its high conductivity makes it easier for the circuit to carry voltage around the board without overheating, therefore it gets used in the Circuit boards which leads to market growth.

Copper Clad Steel (CCS) Wire Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

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On the basis of regional analysis, the Global Copper Clad Steel (CCS) Wire Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America accounted for the largest market share in 2020, with a market value of USD 4,238.69 Million, and is projected to grow during the forecast period.

Key Players

The “Global Copper Clad Steel (CCS) Wire Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Fisk Alloy, Inc., Southwire Company, AFL Global, MWS Wire Industries, Copperhead Industries, Shanghai Metal Corporation (SMC), Zhejiang Baichuan Conductor Technology Co., Ltd, Zhangjiagang jinxin metal wire Co., LTD, Nehring Electrical Works, General Clad Co., Ltd, and Jiangsu Greenshine Wire & Cable Co.,Ltd. and others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.

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